The Rwanda Development Board (RDB) has announced that commercial flights will once again be welcomed back into the East African country from August 1, 2020.
Andersen Global has announced its entrance into Cotonou, Benin with the addition of collaborating firm Fiduciaire Conseil and Assistance (FCA), a full-service tax and legal firm founded 20 years ago.
[Rwanda] HAPSMobile and Ministry of ICT to review use of high altitude platform stations to provide mobile internet connectivity
Rwanda Ministry of ICT and Innovation and HAPSMobile have signed an MOU to conduct a Joint Research Project on use of High Altitude Platform Stations (HAPS) to provide mobile Internet connectivity in Rwanda.
CDC Group, the UK’s development finance institution and impact investor announced an additional $75 million commitment to its existing trade finance facility with Absa Bank.
The Tripartite Council of Ministers of three regional economic communities in the eastern and southern Africa have approved new harmonized trade and transport facilitation guidelines.
More than three quarters of people say they are “very concerned” about the environment and feel companies should be doing more to address their impact on the planet.
The African gaming industry is expected to register a compounded annual growth of 12 per cent between 2020 and 2025 according to a study by Research and Markets.
OpenText has announced the Department of Social Development of South Africa has deployed OpenText Documentum xCP, a case management framework to digitize its social assistance appeals process.
Lumos has received new funding from Dutch entrepreneurial development bank, FMO, to expand its existing market for reliable, accessible and clean solar power in Côte d’Ivoire.
[Côte d'Ivoire] Godiva partners with Earthworm Foundation to promote sustainable change in the cocoa sector
Godiva, a global company inn premium chocolate, has partnered with the Earthworm Foundation to make sustainable improvements to the cocoa supply chain beginning in Côte d'Ivoire.
To help aid entrepreneurship and job-creation opportunities peer-to-peer (P2P) bitcoin marketplace, Paxful is offering free virtual entrepreneur education workshops and courses to the public, in Southern Africa.
The exploration industry has been the hardest it by the Covid-19 pandemic and the subsequent historic crash in oil prices.
When you visit an agent outlet in Kenya, you often see a number of point-of-sales devices being used by the agent. When you enquire about it, she would mention that each of these devices belong to a different bank.
Network International, an enabler of digital commerce across the Middle East and Africa is set to acquire 100 per cent stake in Africa Online commerce platform operating across 19 countries DPO Group.
Andersen Global has announced its debut in Togo by way of a Collaboration Agreement with one of Lomé’s largest tax and legal firms, VAS Consulting.
VC4A has launched a call for African startups looking to raise between $150K and $1 million.
The World Bank approved a total of $300 million in International Development Association (IDA) credits and grants to support reforms that will help promote electricity trade in West Africa.
Eutelsat Communications and CANAL+ have signed a multi-year, multi-transponder contract for Ku capacity on EUTELSAT 7C to support the launch by CANAL+ of a premium DTH platform in Ethiopia.
The Mauritius Chemical and Fertilizer Industry (MCFI) and Agritech company Lentera Africa have signed a partnership that will see Lentera provide satellite-based crop health analysis and crop modelling services.
MainOne, West Africa’s premier connectivity and data center solution provider recently on-boarded BMI-CI on its network by providing internet infrastructure and data center solutions.
International Container Terminal Services, Inc. (ICTSI) has signed the concession contract with the Port Autonome de Kribi for the development, operation and maintenance of the Kribi Multipurpose Terminal in Cameroon.
Millions of people, small holders and entrepreneurs in remote villages across Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme.
Marking a seminal moment in the history of the organization, the Global Business School Network (GBSN) has announced thatTogo-based Ecobank Academy has become its first corporate member.
The United States Trade Representative and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development formally launched trade agreement negotiations between the United States and the Republic of Kenya.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
Alternet Systems, Inc., ALYI, has confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries.
IHS Netherlands Holdco B.V. affiliates INT Towers Limited, IHS Nigeria Limited and IHS Towers NG Limited have reached agreement with MTN Nigeria to expand the scope of the current service contract.
United Bank for Africa Plc has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as CEOs of six of its 20 subsidiaries across Africa.
The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found.
Over Saturated an African, user-generated content platform has been offering a digital space for African creators to post content they have created.
The worldwide public cloud services market is forecast to grow 6.3 per cent in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner, Inc.
Qatar Airways Group, owner and operator of Qatar Airways has launched four international investment arbitrations against the Arab Republic of Egypt, United Arab Emirates, Bahrain and the Kingdom of Saudi Arabia.
Jack Ma Foundation’s Africa Netpreneur Prize Initiative selects Top 50 Finalists of 2020 Africa’s Business Heroes Competition
The 2020 Africa’s Business Heroes prize competition has shortlisted the top 50 finalists from stage one of the selection process.
TMEA, AERC partner to increase availability of data, build evidence for policy decisions in East Africa
East Africa trade body TMEA and African Economic Research Consortium (AERC) have partnered to support a research programme that will increase the availability of data and evidence to support inclusive trade and gender policies in East Africa.
Air Tanzania has selected Panasonic Avionics’ inflight entertainment (IFE) connectivity system to enhance the passenger experience onboard its Airbus A220 aircraft.
Microsoft has announced the expansion of its Surface device range into South Africa, with the introduction of the Surface Pro 7 and Surface Laptop 3 for both commercial and consumer customers.
Universal Music Group (UMG), global music-based entertainment, has announced the further expansion of its Def Jam Africa division into three new markets within French-speaking Africa
The global impact that the Covid-19 pandemic has had not only on public health, but on business, cannot be underestimated. It’s prudent to consider the impact such a global disruption of trade has on small and medium businesses.
Avaya is helping African students unable to access primary and secondary schools as a result of COVID-19-related closures to stem this loss with video collaboration app.
Air Austral and Air Madagascar have signed a MOU confirming the exit of Air Austral from the capital of Air Madagascar.
Global information services company Experian has appointed Ferdie Pieterse as the new CEO for Experian Africa, effective immediately.
The Federation of National Association of Women in Business, Zimbabwe Chapter has launched a micro-finance institution to support women economic empowerment.
The Food and Agriculture Organization of the United Nations has launched the Hand-in-Hand geospatial platform with a large and rich set of data on food, agriculture, socioeconomics, and natural resources.
Vital Capital has launched a new collaboration with USAID’s Kenya Investment Mechanism (KIM) to support agribusinesses in Kenya affected by the COVID-19 pandemic.
CNH Industrial, a global player in the capital goods sector, has announced its intention to expand its direct presence in Southern Africa’s agriculture and construction equipment sectors.
Malawi’s three-year trajectory of increasing economic growth has been interrupted by the global COVID-19 (Coronavirus) pandemic, but the full extent of the pandemic’s negative impact is still uncertain as the crisis unfolds, says World Bank.
Infinet Wireless, a provider of fixed broadband wireless connectivity, has opened a new regional office in Cameroon as the company expands its operations in one of the world’s fastest growing economic regions.
Airtel Africa and Mukuru have announced a partnership which will enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries.
The Mastercard Foundation has announced its Young Africa Works strategy in Uganda, which has set a goal to enable more than 3 million young people in the country to access dignified and fulfilling work.
The Africa Enterprise Challenge Fund (AECF) has appointed Victoria Sabula as its permanent Chief Executive Officer.
Orange, a major telecoms provider in Africa and the Middle East, and NSIA, a player in bancassurance, have launched Orange Bank Africa in Abidjan and Côte d'Ivoire.
Pavillon54 Limited has announced the launch of its online platform, pavillon54.com, a digital center for Modern and Contemporary Art from Africa and the Diaspora.
Yield improvement of important African food crops will get a boost with the launch of a new project to be implemented by the International Institute of Tropical Agriculture (IITA) in collaboration with Bayer.
eHealth Africa is leveraging on Amazon Web Services, AWS, cloud’s expertise which is designed to support every stage of their business in order to increase their chances of continuing their mission.
Incomes for hundreds of seaweed farmers will be improved and globally important coastal ecosystems will be restored with a new and innovative partnership in Tanzania between The Nature Conservancy and Cargill.
Facebook’s connectivity investments to grow Africa’s economy by $57 billion in the next five years, report
Facebook has released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason.
IFC committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions.
The Development Bank of Southern Africa (DBSA) announced financing to the value of $120 million in Mozambique’s Area 1 Liquified Natural Gas (LNG) project.
Parallel Wireless, Inc. has announced that, it has been selected by Orange to extend the current coverage and to expand their current 700,000 subscriber base across the Central African Republic.
Emirates will restore services to Addis Ababa, Ethiopia from August 1. Other destinations include, Guangzhou (July 25), and Oslo (August 4), e
Komaza raises $28 million Series B to capture Africa’s $30 billion wood deficit and restore degraded lands
Komaza, a company that is revolutionizing the wood industry in Africa through its innovative smallholder platform, has secured a first close of $28m of the company’s planned $33m Series B equity financing.
DB Schenker has invested in the construction and operation of Egypt’s first dry port, in association with the partners 3A International and Elsewedy. It is expected to open in 2022.
U.S. International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
Anzisha Prize Hall of Fame highlights ten successful Africans who embraced entrepreneurship at an early age
The Anzisha Prize, a partnership with African Leadership Academy and Mastercard Foundation, is celebrating ten African entrepreneurs whose transitions into entrepreneurship started before the age of 25.
Radisson Hotel Group has added six new hotels to its African portfolio, bringing the total to almost 100 hotels across 32 African markets.
Some of Africa's biggest musical talents, including local award-winning artists AKA, K.O and Holly Rey, have collaborated with HUAWEI Music to each launch curated playlists.
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project.
COMESA has developed an online portal to be used by Member States to exchange information on availability of essential products within the region.
Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.
The African Energy Chamber and the Mozambican Oil & Gas Chamber have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments.
The International Monetary Fund (IMF) approved a grant under the IMF’s Catastrophe Containment and Relief Trust (CCRT) to cover Burundi’s debt service falling due to the IMF from July 21, 2020 to October 13, 2020, equivalent of $7.63 million.
Global credit ratings agency Moody’s affirmed African Export-Import Bank (Afreximbank) long-term credit rating at Baa1, with a stable outlook.
Emerging domestic natural gas and helium producer Renergen has announced the commencement of South Africa’s first ever Liquefied Natural Gas (LNG) auction.
Developers around the world are being invited to put their skills to the test on a global stage with the launch of the HUAWEI HMS App Innovation Contest, Apps UP.
The French Development Agency (AFD) has signed two grant agreements amounting to €20 million in support of the culture and agriculture sectors in Ethiopia.
Africa Investment Forum founding partners unveil unified COVID-19 response to support Africa’s private sector
Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises.
SAP has appointed Claudio Muruzabal as the new President for SAP’s EMEA south region that comprises Southern Europe, the Middle East and Africa.
The second quarter of 2020 ended well for the traditional PC market with global shipments growing 11.2 per cent year over year reaching a total of 72.3 million units, according to IDC.
The International Institute of Tropical Agriculture (IITA), through a new initiative known as the Start Them Early Program (STEP), is introducing agribusiness training in secondary schools in Oyo State.
ContractPodAi and Bowmans Partner to bring Artificial Intelligence-powered contract management to Africa
ContractPodAi®, a provider of AI-powered contract lifecycle management solutions, is partnering with Bowmans to introduce Bowmans’ clients to its advanced technology solution.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
Afreximbank disburses $3.55bn to cushion impact of COVID-19, $300m to stimulate intra-African trade in Egypt
The African Export-Import Bank (Afreximbank) has disbursed a total of $3.55 billion to the Egyptian Banking sector under its Pandemic Trade Impact Mitigation Facility (PATIMFA).
IBM has appointed Angela Kyerematen-Jimoh as General Manager for IBM North, East and West Africa.
Clickatell has announced the launch of Chat Desk, a digital contact center solution that helps agents resolve customer queries and obtain customer insights in real-time.
Vendor-neutral data centre, Teraco, has welcomed Routed, a cloud infrastructure provider and VMware Cloud Verified partner, as a local cloud provider to join the African Cloud Exchange
Bolloré Logistics Madagascar announces the opening of a new office in the Ivato International Airport, Antananarivo, the capital of Madagascar.
Illicit trade has a detrimental impact on the substantial growth of legitimate business in the country.
Cold Solutions, a temperature-controlled warehouse and logistics service provider, has announced that it will invest $70 million to construct state-of-the-art, temperature-controlled cold storage warehouses in Kenya.
The UrSafe App, has announced its partnership with the Nigeria-based team, virtual data and VAS Aggregator, Mobile Intelligence, to bring personal safety technology to the 160 million+ Nigerian's with mobile handsets.
By cutting the crossing time to a maximum of half an hour, the One-Stop Border Post project has boosted trade and tourism between Kenya and Tanzania.
Rabobank has signed a new partnership agreement FAO with the intention of helping targeted rural communities benefit from more inclusive, sustainable food systems.
KaiOS Technologies and Econet Wireless Zimbabwe, the country’s largest mobile network operator with the broadest data network, have launched the Atom 3G phone.
The Rainforest Alliance’s sustainability certification is evolving, with the publication of a new program with more robust criteria, measurement.
Container transportation and shipping company CMA CGM will launch its new product 'Round the Africa' (RTA), in complement of the current existing 31 services to Sub Saharan Africa, come July 25, 2020 in Shanghai, China.
Africa Mobile Networks (AMN) has announced that it now processes more than one billion phone calls annually for subscribers in previously unconnected rural areas in Sub-Saharan Africa.
Paxful, is shining the spotlight on the opportunities the fast-growing blockchain economy has to offer the youth, despite the challenging economic conditions currently experienced worldwide.
Financial inclusion non-profit Kiva is announcing a partnership under the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative with USAID to advance women’s economic empowerment.
Aviat Networks, Inc. has announced that Safaricom, the largest telecom company in Kenya, has selected Aviat's WTM 4800 multi-band radio platform for 5G backhaul.
American Express, Discover, Mastercard and Visa have announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout.
MIGA, a member of the World Bank Group, has issued a guarantee of EUR 359 million for up to ten years for a loan provided to the Eastern and Southern African Trade and Development Bank.